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TikTok proprietor ByteDance’s sweeping company restructuring, introduced earlier this week, will put an finish to the corporate’s aggressive growth and herald a brand new period of consolidation for the world’s most beneficial unicorn, mentioned analysts.The reorganisation will see ByteDance divide its sprawling algorithm-driven enterprise into six models, two of them consisting of TikTok and its Chinese language sibling Douyin. Chew Shou Zi, the previous Xiaomi govt who was appointed TikTok’s CEO in Could, will relinquish…
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